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In January, the Department of Education unveiled details of a repayment plan overhaul that could halve monthly payments for many federal student loan borrowers. But one group, the 3.7 million parents who owe parent PLUS loans, won’t benefit.
Federal parent PLUS loans have become a last resort for many lower-income families paying for a kid’s college education
In January, the Department of Education unveiled details of a repayment plan overhaul that could halve monthly payments for many federal student loan borrowers. But one group, the 3.7 million parents
Federal parent PLUS loans have become a last resort for many lower-income families paying for a kid’s college education. Today, parent PLUS loan debt totals $108.5 billion among 3.7 million
Initially intended for the well-off, the federal loans have become a last resort for many lower-income families.